Tony Roma's

Tony Roma's

Ribs, steaks, seafood
Units as of 2020
133 (3 years)
11.8%
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$2.2M - $3.6M

Company Overview

Tony Roma’s was founded in 1972 when chef David Smith and Tony Roma experimented with Smith’s secret barbecue sauce in a little restaurant called Tony Roma’s in North Miami, Florida. A hit with customers, the barbecue taste is now the trademark of the more than 225 Tony Roma’s locations across the world.

Franchising since 1979, Romacorp Inc. offers franchises for the traditional Tony Roma’s restaurants as well as a more casual concept called Tony Roma’s Rib Grills. The company is based in Dallas.

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About Tony Roma's

Founded
1972
Parent Company
Romacorp
Leadership
John Brisco, President & CEO

Franchising Overview

Franchising Since
1979 (42 years)
# of employees at HQ
10
Where seeking
Franchisor is seeking new franchise units in the following regions/states:
Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, Asia, Canada, Central America, Europe (Eastern), Middle East, Mexico, South America
# of Units
133

Franchisor Information

Corporate Address
3662 Avalon Park E. Blvd.
Orlando, FL 32828

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Tony Roma's franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000 - $30,000
Initial Investment
$2,182,500 - $3,580,000
Net Worth Requirement
$3,000,000
Cash Requirement
$1,000,000
Royalty Fee
4%
Ad Royalty Fee
0.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
472 hours
Classroom Training
21 hours
Ongoing Support
Grand Opening
Field Operations
Franchisee Intranet Platform
Marketing Support
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
60
Are exclusive territories available?
Yes

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Additional Rankings

Curious to know where Tony Roma's ranked on other franchise lists? Find out below.

Ranked #181

In Top Global Franchises

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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